https://wccftech.com/corsair-share-price-near-record-high-wall-street/

Computer peripherals and hardware manufacturer Corsair Gaming, Inc is having a great run on the stock market today as major Wall Street banks initiate coverage on the company's stock. Today's coverage follows a buy rating from investment bank Goldman Sachs whose analyst Rod Halls investor note for Corsair surfaced yesterday. In the note, Hall set a $32/share price target for Corsair and stated his optimism for the company's future due to the uptick in demand for work-from-home products and gadgets this year in the aftermath of pandemic-induced global lockdowns.

In addition to touting the impact of the post-pandemic economic environment on the demand for Corsair's products, the Goldman analyst also expresses his belief that the adoption of video gaming and streaming as alternative sources of entertainment might represent a permanent shift in the market even as the current, ongoing pandemic subsides. This conjectured shift in spending trends can help Corsair in the long-run, and when combined with the current move towards high-margin peripherals exhibited by the company's recent sales, will not only increase the company's revenue but also provide it with a larger market as time progresses, believes the analyst.